Everything you need to know about crypto and online trading platforms!

It is true that the world is growing more and more today and it is clear that everything that is visible today with the naked eye, geniuses try and even manage to translate them in the online environment and in the new and beloved metaverse that is very popular in the last since facebook changed its company name in meta!

A cryptocurrency is a type of digital currency that allows you to buy goods and services, or that you can use as a form of investment.

A specific feature of cryptocurrencies is that they are generally not issued by any centralized authority.

As such, they are considered by many investors to be immune to attempts at manipulation or government intervention.

Cryptocurrencies use a state-of-the-art technology called blockchain to create and secure them.

Although there is a lot to talk about on this topic, in short, blockchain is a technology that, today, is almost impossible to break and / or falsify.

Why are cryptocurrencies so popular today?

Cryptocurrencies have many supporters today, and there are many reasons why they choose to buy such tools:

Many see cryptocurrencies as the currency of the future and choose to buy them now, before their price rises further.

Some believe that the main advantage of a cryptocurrency is that they are not connected to any central bank, and this only increases their value over time.

Technology enthusiasts choose the crypto version because they understand, trust and like the idea of ​​the blockchain behind these virtual currencies.

There are also investors who have seen virtual currencies as great ways to make money and choose to buy, waiting to sell when the price goes up.

The benefits of cryptocurrencies

Global speed: transactions are propagated almost instantly on the network and are confirmed within minutes. Because it happens in a global network of computers, they are completely indifferent to your physical location, it doesn't matter if you send Bitcoin to your neighbor or to someone else on the other side of the world.

Security: Cryptocurrency funds are locked in a public key encryption system. Only the owner of the private key can send cryptocurrencies. Strong cryptography and the large number of Miners that need to be validated make it impossible to break this scheme.

Freedom: You must not ask anyone for permission to use cryptocurrencies. It's just software that everyone can download for free. Once you have it installed, you can receive and send cryptocurrencies.

Cryptocurrencies can be bought when they are listed on the market, but you can also invest in projects of some currencies that will be listed in the future and those who invested before listing on the market will have a pretty good profit.

Sites where you can trade and invest in crypto :

Crypto.com

Binance.com

eToro.com

Revolut.com

These are the waves of the best crypto trading platforms.

What is the mechanism by which you can earn money from cryptocurrency trading

The gain from cryptocurrency transactions comes from the speculative price difference between the time of purchase and the time of sale of the cryptocurrency that you previously purchased.

That is, in order to earn money from cryptocurrencies, you have to buy and sell. Or vice versa. So you can start a transaction by selling the cryptocurrency, through an artifice offered by the broker who has the platform on which you have chosen to make the investment, in case you consider that the price of that cryptocurrency will take it down.

The broker will lend you the amount of cryptocurrency you want to sell, which you will sell, waiting for its price to drop. When the price of that cryptocurrency is low enough to make a profit, you will buy the cryptocurrency - at a better price than it was when you sold it, return it to the broker and you will be left with the gain from the price difference.

This is the mechanism by which you make a profit from cryptocurrencies, and the whole procedure is done automatically, and it is up to you to open and close the transaction (buy-sell or sell-buy).

Before you start investing, I would recommend that you learn more about this crypto market and invest the money you are willing to lose.